Nalanda University, fifth to twelfth century CE, a Buddhist centre of higher learning in Bihar, India, called 'one of the first great universities in recorded history'.
THE MANY SCHOLARSHIP SCHEMES OF ICCR
One of the major activities of the ICCR is its scholarship programme. The ICCR annually offers about 2325 scholarships under 21 scholarship schemes. Of these scholarships, 675 are exclusively for Afghanistan and 500 for African countries. There are students in India under these schemes from about 80 countries. Most of the scholarship holders come from developing countries in Asia, Africa, South and Central America. However, there are quite a few students from the developed countries as well. Around 3550 foreign students are currently studying in India under the various scholarship schemes. The students are in graduate, post graduate and doctoral programmes as well as in professional courses such as engineering, pharmacy, accountancy, business administration and management. Scholarships are also given for learning Indian dance, music, painting, sculpture, etc.

Clink on the links below for important information pertaining to scholarships:

Application Form for Scholarships for Foreign Students - 2012
Guidelines for ICCR Scholarship Holders - 2012
Guidelines for Indian Missions Abroad - 2012
Joining Report for Students - 2012
See the site of the University Grants Commission of India
for the list of Recognised Central, State, Deemed and Private Universities and Recognised Colleges

The ICCR administers its own scholarship schemes apart from which it also functions as an agency for other schemes on behalf of the Ministry of External Affairs and the Ministry of Finance of the Government of India. The details of both categories of schemes are given below.

I. THE SCHEMES OF ICCR
NO. NAME OF THE SCHEME
SLOTS
1.General Cultural Scholarship Scheme
546
2.Bangladesh Scholarship Scheme
100
3.Sri Lanka Scholarship Scheme
60
4.Mauritius Scholarship Scheme
30
5.ICCR Scholarship Scheme
48
6.Cultural Exchange Programme
297
7.Commonwealth Scholarship/Fellowship Plan
54
8.Africa Day
01
9.Craft Instructor Scheme
10
10.Dadoo Naicker Scheme
01
11.Okita Memorial Scholarship for Indian Nationals
02
 Total
1149
II. THE SCHEMES IMPLEMENTED BY THE ICCR AS AN AGENCY
NO. NAME OF THE SCHEME
SLOTS
1.Special Scholarships for Afghanistan
675
2.Aid to Maldives
20
3.SAARC-Chair/Fellowship Scheme
22
4.Special Scholarship Scheme for Mauritian Nationals
(TCD Division, Ministry of External Affairs)
3
5.AYUSH Scholarship Scheme for BIMSTEC Member Countries
& Non-BIMSTEC Countries on behalf of MEA & AYUSH Department
(in Indian Traditional Medicine Systems
such as Ayurveda, Unani, Siddha & Homeopathy)
42 (15 BIMSTEC
& 27 Non-BIMSTEC)
6.Mekong Ganga Cooperation Scholarship Scheme
50
7.Scholarship for Pacific Island Countries
14
8.IOA-ARC Scholarship Scheme
34
9.Africa Scholarship Scheme
249
10. Silver Jubilee Scheme
64
 Total
1173